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Asset Management

  • June 25, 2025

    Blockchain Tech Biz Digital Asset Snags $135M In VC Funding

    Blockchain technology company Digital Asset has secured $135 million of strategic funding, which will be used to accelerate the institutional and decentralized adoption of its Canton Network.

  • June 24, 2025

    Powell Says Leverage Rule Revamp Won't Exclude Treasuries

    Federal Reserve Chair Jerome Powell told House lawmakers Tuesday that a forthcoming plan to revamp big-bank leverage limits won't exempt U.S. Treasuries from their calculation, a potential disappointment for financial-sector lobbies that hope to resurrect the pandemic-era carveout. 

  • June 24, 2025

    Arkansas Insurance Dept. Fights Teamsters Plan's ERISA Suit

    The Arkansas Insurance Department is looking to sink a challenge to a state insurance regulation filed by a Teamsters healthcare plan, telling an Illinois federal judge that the regulation isn't preempted by the Employee Retirement Income Security Act and, besides, the plan can't sue the department.

  • June 24, 2025

    Black Accounting Group Sues Over $2.1M Cyber Heist

    A nonprofit membership association for Black accountants has filed suit against an Arizona corporation, White Investments LLC, alleging the entity was used by fraudsters in a scheme to steal $2.14 million from the association.

  • June 24, 2025

    Fed. Circ. Won't Revisit Ruling On Late Textron Pension Claim

    The Federal Circuit has denied Textron Aviation Defense LLC's request to reconsider a decision that affirmed the dismissal of its pension claims against the federal government as time-barred under the Contract Disputes Act's six-year statute of limitations.

  • June 24, 2025

    GOP Senators Unveil Crypto Market Framework Principles

    Senate Republicans on Tuesday morning released a set of principles to guide the development of digital asset market structure legislation, their latest push toward regulating the cryptocurrency space following their passage of stablecoin legislation last week.

  • June 24, 2025

    Judge Cites Slack In Tossing Allbirds Investors' IPO Suit

    A California federal judge has once again tossed an investor class action accusing shoemaker Allbirds Inc. of failing to warn investors about the risks of its shifting business strategy ahead of its initial public offering, ruling that shareholders would need to prove they can overcome the U.S. Supreme Court's Slack test in order to move forward with the case.

  • June 24, 2025

    SEC, Ex-Chicago Hedge Fund Ink $5.8M Deal In Fraud Suit

    The U.S. Securities and Exchange Commission has settled with a now-defunct Chicago investment firm in its lawsuit accusing the firm of mismanaging $1 billion in assets, ahead of a trial, with the firm and its co-defendants agreeing to fork over more than $5.8 million collectively.

  • June 24, 2025

    Ex-NFL Player Says Indicted Adviser Defrauded Him For Years

    Retired Carolina Panthers defensive lineman Mike Rucker and his wife unknowingly invested in a Ponzi scheme perpetrated by their longtime financial adviser who is now under criminal indictment in North Carolina, according to a state court complaint they filed accusing him of mismanaging their money for decades.

  • June 24, 2025

    Twitter Investors Seek Class Cert. In Suit Against Musk

    Shareholders of the social media company formerly known as Twitter have asked a New York federal judge to certify their proposed class in a suit accusing Elon Musk of failing to timely disclose his purchase of company stock back when it was publicly traded.

  • June 24, 2025

    No New Trial For Convicted Crypto CEO Linked To Abramoff

    A California federal judge Tuesday declined to acquit a cryptocurrency company founder convicted of fraud and money laundering in a case that also involved disgraced ex-lobbyist Jack Abramoff, calling the defendant's assertions that the court wrongly blocked evidence showing Abramoff had conspired against the company "laughable."

  • June 24, 2025

    German Auto Parts Retailer Autodoc Scraps IPO Plans

    Autodoc SE on Tuesday postponed its initial public offering and related private placement, one week after the German auto parts retailer unveiled plans to raise up to €463.6 million ($535.8 million) on the Frankfurt Stock Exchange.

  • June 24, 2025

    Faulty Comparisons Doom Nordstrom 401(k) Fee Suit

    Nordstrom dodged a proposed class action claiming it saddled its 401(k) plan with excessive fees and used forfeited plan funds to offset its own contributions, with a Washington state federal judge saying inaccurate data and flawed comparisons to other plans couldn't sustain the case.

  • June 24, 2025

    CoastalSouth Bank Targets $59M IPO, Guided By 2 Firms

    CoastalSouth Bancshares Inc., the bank holding company for South Carolina state-chartered commercial bank Coastal States Bank, on Tuesday announced the launch of its initial public offering with plans to raise $58.5 million.

  • June 24, 2025

    Dechert Grows In DC With SEC Investment Management Atty

    Dechert LLP announced Tuesday that it has added the former assistant chief counsel of the U.S. Securities and Exchange Commission's Division of Investment Management to enhance its capacity to advise clients about financial services and regulatory matters.

  • June 24, 2025

    Cataract Surgery Tech Co. Secures $125M Series B Funding

    Ophthalmic robotic surgery company ForSight Robotics on Tuesday revealed that it completed fundraising for its Series B financing round after securing $125 million from investors.

  • June 24, 2025

    Cooley-Led Sentinel Global Clinches $213.5M Inaugural Fund

    San Francisco-based venture capital firm Sentinel Global, led by Cooley LLP, on Tuesday revealed that it wrapped its inaugural fund after securing $213.5 million in committed capital.

  • June 23, 2025

    FTX Trust Slams Three Arrows' 'Illogical' $1.5B Claim

    The FTX bankruptcy recovery trust on Friday objected to a $1.53 billion claim made by the now-liquidated cryptocurrency hedge fund Three Arrows Capital Ltd., saying the "illogical and baseless" claim grossly inflates the actual value of assets associated with its customers' FTX accounts, while offering zero supporting evidence.

  • June 23, 2025

    Trump Media Authorizes $400M Share Repurchase

    Trump Media and Technology Group Corp., the owner of President Donald Trump's social media platform, said Monday it has authorized buying back up to $400 million of its shares, marking the company's latest cash management strategy.

  • June 23, 2025

    Texas Gov. Abbott Signs Bitcoin Reserve Bill Into Law

    Texas Gov. Greg Abbott has signed into law a bill to establish a strategic bitcoin reserve aimed at helping the Lone Star State's financial resilience, following the Trump administration's own creation of a bitcoin reserve earlier this year.

  • June 23, 2025

    Binance Agrees To Shutter Conn. Trading Operations

    Crypto platform Binance has agreed to shut down the Connecticut operations of its U.S. subsidiary BAM Trading Services Inc. after a majority owner of the company was convicted of money laundering and also admitted to violating state statutes, according to a new consent order.

  • June 23, 2025

    Wolfspeed To File Ch. 11 With Plan To Cut $4.6B Debt

    Semiconductor manufacturer Wolfspeed Inc. said it plans to file for Chapter 11 bankruptcy in the near future as part of a restructuring plan to reduce its total debt by approximately 70%, which is approximately $4.6 billion.

  • June 23, 2025

    Execs Nix Worker's ERISA Suit Over Food Co. Sale Side Deals

    A Wisconsin federal judge tossed a worker's suit claiming PDQ Food Stores executives and GreatBanc brokered millions in self-serving side payments when organizing the company's sale, finding her complaint devoid of detail that any of the payments were illegal.

  • June 23, 2025

    Ex-SEC Atty Joins Bernstein Litowitz After Musk Fight

    The U.S. Securities and Exchange Commission's former chief litigation counsel announced on Monday that he is joining investor-side firm Bernstein Litowitz Berger & Grossmann LLP as a partner in New York following a courtroom battle with Elon Musk that threatened to end his employment before it began.

  • June 23, 2025

    Catching Up With Delaware's Chancery Court

    The Delaware Supreme Court reversed a year-old $199 million judgment against TransCanada in a suit challenging a merger that occurred nearly a decade ago, Aspen Technology Inc. was hit with another suit over its pending $7.2 billion merger with Emerson Electric, and Nielson Holdings Ltd. secured a temporary restraining order against its spinoff. In case you missed it, here's the latest from the Delaware Chancery Court.

Expert Analysis

  • How The CRE Industry Is Adapting To Tariff Uncertainty

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    Amid uncertainty about pending tariffs and their potential ripple effects, including higher material costs, supply chain delays and tighter margins, commercial real estate industry players are focusing on strategic planning and risk mitigation, says Daniel Diaz Leyva at Day Pitney.

  • Law Firm Executive Orders Create A Legal Ethics Minefield

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    Recent executive orders targeting BigLaw firms create ethical dilemmas — and raise the specter of civil or criminal liability — for the government attorneys tasked with implementing them and for the law firms that choose to make agreements with the administration, say attorneys at Buchalter.

  • Firms Must Embrace Alternative Billing Models Or Fall Behind

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    As artificial intelligence tools eliminate inefficiencies and the Big Four accounting firms enter the legal market, law firms that pivot from the entrenched billable hour model to outcomes-based pricing will see a distinct competitive advantage, says attorney William Brewer.

  • Opinion

    7 Ways CFTC Should Nix Unnecessary Regulatory Burdens

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    Several U.S. Commodity Futures Trading Commission regulations do not work efficiently in practice, all of which can be abolished or improved in order to comply with a recent executive order requiring the elimination of 10 regulations for every new one implemented, say attorneys at K&L Gates.

  • How Attorneys Can Master The Art Of On-Camera Presence

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    As attorneys are increasingly presented with on-camera opportunities, they can adapt their traditional legal skills for video contexts — such as virtual client meetings, marketing content or media interviews — by understanding the medium and making intentional adjustments, says Kerry Barrett.

  • Series

    Baseball Fantasy Camp Makes Me A Better Lawyer

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    With six baseball fantasy experiences under my belt, I've learned time and again that I didn't make the wrong career choice, but I've also learned that baseball lessons are life lessons, and I'm a better lawyer for my time at St. Louis Cardinals fantasy camp, says Scott Felder at Wiley.

  • Paul Atkins' Past Speeches Offer A Glimpse Into SEC's Future

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    Following Paul Atkins' Thursday Senate confirmation hearing, a look at his public remarks while serving as a commissioner at the U.S. Securities and Exchange Commission between 2002 and 2008 reveals eight possible structural and procedural changes the SEC may see once he likely takes over as chair, say attorneys at Covington.

  • Series

    Adapting To Private Practice: From Fed. Prosecutor To BigLaw

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    Making the jump from government to private practice is no small feat, but, based on my experience transitioning to a business-driven environment after 15 years as an assistant U.S. attorney, it can be incredibly rewarding and help you become a more versatile lawyer, says Michael Beckwith at Dickinson Wright.

  • The Fund Finance Market Is In Its Transformative Era

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    The fund finance market is experiencing explosive growth as it develops into a mature and sophisticated industry, with several recent developments – such as an increase in net asset value lending and a shift toward borrower-friendly terms – reshaping the landscape of this rapidly evolving sector, say attorneys at Fried Frank.

  • Opinion

    SEC Shouldn't Complicate Broker-Dealers' AML Compliance

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    Recent U.S. Securities and Exchange Commission anti-money laundering enforcement actions show that regulators should not second-guess broker-dealers' reasonable judgment, or stretch the law or their jurisdiction to regulate through enforcement, lest they expect broker-dealers to vigorously defend their AML programs, say attorneys at WilmerHale.

  • State Securities Enforcers May Fill A Federal Enforcement Gap

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    The U.S. Securities and Exchange Commission appears poised to take a lighter touch under the new administration, but state enforcement efforts are likely to continue unabated, and potentially even increase, particularly with regard to digital assets and ESG disclosures, say attorneys at Ropes & Gray.

  • Firms Still Have Lateral Market Advantage, But Risks Persist

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    Partner and associate mobility data from the fourth quarter of 2024 shows that we’re in a new, stable era of lateral hiring where firms have the edge, but leaders should proceed cautiously, looking beyond expected revenue and compensation analyses for potential risks, say Julie Henson and Greg Hamman at Decipher Investigative Intelligence.

  • What Rodney Hood's OCC Stint Could Mean For Banking

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    Acting Comptroller of the Currency Rodney Hood's time at the helm of the OCC, while temporary, is likely to feature clarity for financial institutions navigating regulations, the development of fintech innovation, and clearer expectations for counsel advising on related matters, say attorneys at Vedder Price.

  • Opinion

    We Must Allow Judges To Use Their Independent Judgment

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    As two recent cases show, the ability of judges to access their independent judgment crucially enables courts to exercise the discretion needed to reach the right outcome based on the unique facts within the law, says John Siffert at Lankler Siffert & Wohl.

  • 4 Actions For Cos. As SEC Rebrands Cyber Enforcement Units

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    As the U.S. Securities and Exchange Commission signals its changing enforcement priorities by retooling a Biden-era crypto-asset and cybersecurity enforcement unit into a task force against artificial-intelligence-powered hacks and online investing fraud, financial institutions and technology companies should adapt by considering four key points, say attorneys at Troutman.

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